Rouble decreased to the lows of 2 months in pairing with the USD

With the start of the trading session at the MICEX currency section the Russian Rouble rate reached the lows of two months in pairing with the USD amid anxiety about debt problems in Eurozone. Oil prices, as before, do not provide significant support to the Russian currency.

Thus, trading session for the USD started at the level of 31.05 roubles, which is 16 kopeks more than the level yesterday; the EUR started movement at the level of 42.2 roubles (+3 kopeks).

Dual currency basket value increased by almost 10 kopeks today and amounted to 36.05 roubles. Such drastic fall of the Rouble at the MICEX this morning is explained by the negative dynamics in the oil sector, general correction at the global markets and investors' aversion to risks. Presumably the pair Rouble/Dollar will be in the channel of 30.90-31.20 roubles for the USD at the trading session today.

 

 

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